Thinking about buying in Aspendale? Now could not be a better time, with 3775 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,630,000 with prices in this suburb ranging from $429,000 to $9,372,000. Aspendale is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $459.15 |
Median Monthly Mortgage | $2361.22 |
Median Persons Per Bedroom | 0.83 |
Average Household Size | 2.67 |
Average Age | 41.52 |
Average Income | $1009.74 |
Average Cars Per Dwelling | 1.88 |
Average Properties Within 50M | 21 |
1 Bed  $1,061,000 |
2 Bed  $1,087,000 |
3 Bed  $1,594,000 |
4 Bed  $1,908,000 |
5 Bed  $2,319,000 |
6 Bed+$2,200,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Aspendale ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Aspendale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Aspendale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Aspendale we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Aspendale a better buying opportunity than it may have been in the past.
UNIT 2, 1A FOSTER ST, ASPENDALE, VIC, 3195 | 1 | 1 | 1 | For Sale: Closing Monday 25th November at 5pm | |
50 LARNOOK CR, ASPENDALE, VIC, 3195 | 4 | 2 | 3 | $1,650,000 - $1,750,000 | |
UNIT 9, 120-122 NEPEAN HWY, ASPENDALE, VIC, 3195 | 2 | 1 | 1 | $600,000 - $640,000 | |
UNIT 26, 50 NEPEAN HWY, ASPENDALE, VIC, 3195 | 2 | 1 | 1 | $570,000 - $610,000 | |
14 TARLEE CT, ASPENDALE, VIC, 3195 | 3 | 1 | 4 | $1,000,000 - $1,100,000 | |
181 STATION ST, ASPENDALE, VIC, 3195 | 4 | 3 | 2 | Plans & Permits $1,200,000 - $1,300,000 | |
7 COLEMAN RD, ASPENDALE, VIC, 3195 | 4 | 2 | 4 | Under Contract | |
UNIT 5, 132 NEPEAN HWY, ASPENDALE, VIC, 3195 | 3 | 2 | 2 | $1,350,000 - $1,450,000 | |
54B ILUKA AV, ASPENDALE, VIC, 3195 | 4 | 3 | 2 | $1,300,000 - $1,350,000 | |
UNIT 2, 7 KARA GR, ASPENDALE, VIC, 3195 | 3 | 2 | 2 | $3,400,000 - $3,600,000 |
Yarrabah School
Aspendale Primary School
Mordialloc College
St Louis de Montfort's School
St Brigid's School
Mordialloc Beach Primary School
Aspendale Gardens Primary School
Edithvale Primary School
Parkdale Primary School
(While the above schools are located with the suburb of Aspendale there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 15.0 | 26.9 | 42.8 | 86.1 | 4.9 | 25.0 |
Feb | 1.7 | 15.1 | 26.4 | 45.0 | 87.0 | 4.7 | 21.1 |
Mar | 1.4 | 14.0 | 24.2 | 47.3 | 87.9 | 4.5 | 16.3 |
Apr | 2.1 | 11.1 | 20.7 | 51 | 91.3 | 3.9 | 11.8 |
May | 1.8 | 9.0 | 17.2 | 57.1 | 90.8 | 4.2 | 8.5 |
Jun | 1.8 | 6.7 | 14.6 | 63.8 | 93.5 | 3.9 | 7.3 |
Jul | 1.7 | 6.8 | 14.3 | 60.5 | 90.8 | 4.8 | 7.5 |
Aug | 1.8 | 7.3 | 14.9 | 56.3 | 90.2 | 5.0 | 10.2 |
Sept | 1.9 | 8.7 | 17.6 | 50.5 | 89.4 | 5.0 | 14.6 |
Oct | 2.0 | 9.8 | 20.4 | 48.2 | 89.9 | 4.7 | 19.6 |
Nov | 2.5 | 11.8 | 22.3 | 47.0 | 88.7 | 4.8 | 22.8 |
Dec | 2.2 | 13.5 | 24.7 | 44.1 | 87.2 | 4.8 | 25.7 |
source: Australian Government Bureau of Meteorology
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